KYC Procedure

Learn how HyperID enforces industry basic policies for knowing investment origins

General information

Know Your Client (KYC) is an important compliance measure used by financial institutions to prevent fraud, money laundering, terrorist financing and other financial crimes.
It is important for financial institutions and other businesses to incorporate them into the authorization process to ensure that only legitimate customers or businesses are granted access. This can also help financial institutions comply with legal and regulatory requirements, avoid fines, penalties, etc.

HyperID's KYC Procedure

HyperID has implemented a KYC procedure that can range from basic to complete, depending on the level of verification required. Service Providers can leverage this KYC process in their own workflows through HyperID.
To ensure that the KYC process complies with local regulations and requirements, HyperID integrates multiple KYC providers covering different countries and jurisdictions. This allows service providers to easily adapt to different regulatory environments and ensure that their KYC process meets local standards.
Another advantage of the HyperID KYC system is that a single KYC process is applied to all wallets. This means that users only have to go through the KYC process once, regardless of how many wallets or accounts they have with different service providers.
This not only saves users time and effort, but also ensures that all accounts are consistent and secure, making it easier to detect and prevent fraudulent activity. HyperID's KYC procedures are highly reliable and secure because they are designed to protect the privacy and security of customers' personal information.
When it comes to KYC data, users have full control over their information. This means that they have the ability to decide which services can access their data and can revoke access at any time.
Users can also control the type of information that is sent to each service, and they can choose to send only the information that is necessary for that particular service. Control over KYC data is very important to users because it allows them to protect their privacy and security.
If a user has completed KYC verification once, service providers can verify their identity information either on-chain or via traditional REST API by using HyperID MultiPass.

An Example of a KYC Procedure

Here’s the common instructions on how users can get whitelisted for the public token offerings that can be implemented for service providers through the use of HyperID access and account management platform.
Check these preliminaries to make sure you are aware of the sale conditions:
  1. 1.
    Create a HyperID account on
  2. 2.
    Complete Know-Your-Customer (KYC) procedure.
Please note that the sequence of steps and the content of some instructions may vary depending on the terms and conditions of the sale.

Common Steps

  1. 1.
    Go to [a link of the offering].
  2. 2.
    On the web page, read the sale conditions and сlick Continue.
  3. 3.
    Click Continue to HyperID. You will be redirected to the HyperID’s login page.
  4. 4.
    To register a new HyperID account, click Create account.
  1. 1.
    In the opened window, specify your Email, create a Password, and then confirm the password.
  2. 2.
    When you finished filling out the fields, click Create account.
  3. 3.
    After you complete registration of the HyperID account, HyperID will redirect you back to the sale webpage.
  4. 4.
    Specify a wallet address you will be using at sale.
  5. 5.
    Select the country of your residence.
  6. 6.
    Click Start KYC. To complete KYC, provide correct information about yourself. Before submitting the files, please check and ensure they meet the KYC conditions.
  7. 7.
    Select the "I agree to processing my personal data, as described in the Consent to Personal Data Processing" checkbox, and click Next.
The KYC procedure consists of five steps. For successful completion of KYC, please follow the on-screen instructions carefully and provide correct information.
  1. 1.
    Specify your First name, Last name, Date of birth, and then click Next.
  1. 2.
    In the next step, specify the country that issued your document, select the document type, and click Next.
  1. 3.
    Take a photo of your document, and then click Next.
  1. 4.
    In the next window, verify your residence, upload the proof documents, and then click Next.
  1. 5.
    Specify your phone number, and click Next. Paste the code from the SMS that has been sent on your phone.
Click Next.
Review and confirm your Application Data, and then click Next.
Once your verification is complete, you’ll get the message:
Click Close.